On the eve of this pandemic’s epidemic in mid-March, Kohl’s needed a new turnaround strategy it needed to unveil to Wall Street that it expected would eventually shake decades of stagnation. However, the COVID-19 epidemic, that compelled Kohl’s to shut its shops for months , thwarted these plans, rather putting the merchant in survival manner […]
In stable times, sticking with a proven formula makes sense. For successful companies, it’s a good bet that the products and models that are working well today will continue to work in the future. But in volatile and uncertain times—when the need for resilience rises to the forefront—adapting to new circumstances and reinventing businesses become […]